An agile platform to adapt to changing regulations. A team of R&D tax claim and sector specialist: ex-HMRC, ATT qualified, AML trained, AML registered and supervised by HMRC.
Book a MeetingStreetbees is a global human intelligence platform that uncovers powerful human truths to help brands and organisations make better decisions. Their innovative work gathers and analyses real-time data from communities worldwide, requiring cutting-edge technology.
Industry
Market Research Software
Employees
51-200
At the heart of Streetbees’ finance team is Alex Riseley, their Financial Controller, who brings years of audit and finance experience to the role. Recognising the importance of R&D tax credits early on, Alex sought a partner to help navigate the complexities of the R&D claims process.
Since 2017, working with EmpowerRD, Streetbees has developed a robust internal process to ensure compliance and optimise claim value. They have had eight successful R&D claims and achieved a 170% growth in claim value since 2017.
Aspect | ❌ Challenge | 💡 Solution | ✅ Outcome |
---|---|---|---|
R&D claim process | No process, leading to concerns about oversights and inaccurate tracking of R&D activities. | Regular check-ins, Jira for tracking, and cost logging + technical data help facilitated by EmpowerRD R&D specialists. | A structured process that reduces the risk of underclaiming or inaccuracies. |
Collaboration | Silos between finance and tech teams hindered information sharing and understanding of R&D projects. | Employee education, open communication, and a shared understanding fostered by EmpowerRD’s approach. | Improved cross-team collaboration and seamless integration of R&D projects with financial planning. |
Compliance | Risk of HMRC enquiries due to lack of clarity on qualifying activities and documentation requirements. | Expert guidance from EmpowerRD’s team and zero compliance checks. | Peace of mind and time savings, with no compliance checks. |
Claim value | Uncertainty about claim value and potential underclaiming due to limited expertise in R&D tax legislation. | Expertise and early estimates from EmpowerRD’s specialists and platform. | A 170% growth in claim value, fuelling business growth and financial security. |
Following an initial consultation with EmpowerRD, Alex realised the importance of implementing best practices for gathering information to maintain compliance. This helped Alex to establish regular check-ins with the tech team to log project details from beginning to end throughout the year:
“I logged all the staff costs, all the consumable costs, and had regular check-ins with the tech team throughout the year.”
Over time, Alex smoothed out cost reporting using tools like Jira and Trello, building trust within the tech team for these records.
Streetbees believes in strong cross-team collaboration. Alex says, “You really need to educate them (the team) on the process and that it’s going to happen.” Clear communication and setting expectations were key to achieving this.
Bridging gaps between teams, especially when it came to finance, was a challenge:
“Finance is also hard to talk to the rest of the business about because everyone has a different view. But I think when you’ve given them that upfront warning, it’s easier to have those conversations because they know it’s really important to a business of our size.”
By educating and informing teams early, Streetbees laid the foundation for collaboration across the business.
EmpowerRD has been instrumental in helping Streetbees optimise and maintain compliance for their R&D claims. By combining expert R&D guidance with a robust intuitive platform, EmpowerRD provided Alex and the team with an effective framework to manage claims seamlessly:
“Working with EmpowerRD has given me that touchpoint to catch up and work out if there’s anything that needs to be communicated to the business.”
EmpowerRD’s proactive approach to staying ahead of legislative changes offers invaluable peace of mind:
“It’s really important for us to have that key advice from a proper consultancy firm.”
EmpowerRD’s platform also integrates seamlessly with tools like Xero, making it easier to streamline processes and save time:
“Having Xero integrated with the EmpowerRD system is really useful. It means there’s less manual work to be done. As long as all of your systems are speaking to each other, that also saves loads of time on the claim process.”
Alex further highlights that EmpowerRD’s focused approach ensures claims receive the dedicated attention they need:
“They’ve got experience from prior claims, know what could be rejected, what could be accepted, and know how to make sure that everything’s compliant. Whereas if someone’s doing it as an add-on to their service package, it’s not going to get that full attention.”
This combination of expert advice, streamlined technology, and focused support ensures claims are optimised while compliance risks are minimised. This allows Streetbees to focus on innovation without worrying about potential pitfalls in the claims process.
The partnership between Streetbees and EmpowerRD has grown out of mutual trust, consistency, and shared aspirations for excellence. Over time and across 8 claims, this relationship has given Alex and his team access to historical claims data to ensure accuracy and continuity on each claim.
One of the most significant outcomes of this partnership is that Streetbees has not faced a single compliance check from HMRC since working with EmpowerRD, a testament to the robust processes both teams have in place:
“Using an agency or external provider gives the CEO a bit more comfort because you’re reducing the risk of rejection or investigation.”
EmpowerRD’s support extends beyond compliance. Their expertise ensures that cash inflows—critical for running a business—are optimised, providing additional reassurance to senior stakeholders:
“I think it benefits me because, obviously, you’ve got someone to ask questions to and get advice. It benefits the company in terms of the cash inflow that’s maximised by using an external company. And it also gives a bit more comfort to the senior stakeholders.”
✅ Area | 💡 Impact |
---|---|
Claim growth | 170% increase in claim value since 2017, driven by expert advice and process improvements. |
Zero compliance checks | No HMRC compliance checks across 8 claims |
Efficiency gains | Platform integration reduced manual work and streamlined claims preparation, saving time. |
Financial security | Early estimates enabled confident planning and reinvestment into business growth. |
Streetbees teamed up with EmpowerRD to get the most out of their R&D tax credits, and the results speak for themselves. With technology powered by in-house expertise and hands-on support, EmpowerRD helped Streetbees optimise their claims, stay fully compliant, and fuel their growth.
For businesses looking to simplify the R&D claims process and make the most of what’s available, Streetbees’ experience shows just how valuable it can be to work with a specialist like EmpowerRD.
"The online platform made it much easier to co-ordinate between the finance and technical teams."
“EmpowerRD is doing R&D claims the way everyone should be doing it. They absolutely exceeded our expectations and are now one of our long term partners.”
“I was looking for a specialist with a rigorous platform that could handle a complex R&D tax credit claim, because of our grant. EmpowerRD came up on top.”
“Whilst the platform was a real asset for us, the best thing was the support we received. We always had a client success manager on the other end. If we had any questions or concerns, we could use the chatbot, and our client success manager was there to help. It was a breeze; really good support throughout.”
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